Qd=65,000-10,000 (P)

Qs= -35,000 + 15,000 (p)

What is the equilibrium price?

set Qs equal to Qd

65000-10000P=-35000+15000P
25000P=100000

P=4

qs-5000-15000-2(7500)+15000p

To find the equilibrium price, we need to set the quantity demanded (Qd) equal to the quantity supplied (Qs) and solve for the price (P). Let's start by equating the two equations for Qd and Qs:

Qd = Qs

65,000 - 10,000P = -35,000 + 15,000P

Now, let's solve for P. We will combine the P terms and move the constants to one side:

10,000P + 15,000P = 65,000 + 35,000

25,000P = 100,000

Next, divide both sides by 25,000 to isolate P:

P = 100,000 / 25,000

P = 4

Therefore, the equilibrium price is 4.